Shares of Japanese semiconductor-related companies extended their losses on Tuesday after Monday’s selloff, driven by the release of the Chinese AI model DeepSeek. The selloff in US tech stocks added to the downward pressure,

Chinese startup DeepSeek's recently launched free AI assistant had overtaken US rival ChatGPT in downloads from Apple's app store

The past few years have been undeniably profitable for Nvidia ( NVDA 4.43%) investors. The stock price has surged more than sevenfold over the past two years, and today, it topped the charts as the world's most valuable company in terms of market cap. The stock was up as much as 4.7% Wednesday morning. At 12:32 p.m. ET, the stock was still up 4.1%.

US chipmaker Nvidia dived 17 per cent, wiping off nearly USD 593 billion in the biggest market capitalisation loss in history, following a wave of selling as China's DeepSeek developed a free AI assistant using lower-cost chips.

Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September

Tech stocks, including Nvidia and Microsoft, drop as China's DeepSeek AI disrupts the market, raising concerns over U.S. dominance in the AI sector.

SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.

The tech industry has had an insatiable appetite for Nvidia’s chips over the last two years. But the feast may be over sooner than many had expected.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

Stock Futures are diving as DeepSeek AI has sent a chill through markets with Dow, S&P 500, and Nasdaq futures dropping in premarket trading on Monday.

TOKYO: Japanese tech stocks fell sharply for a second day running on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a